Darcy Horn Davenport Sells 1,600 Shares of BellRing Brands Inc. (NYSE:BRBR) Stock

by · The Cerbat Gem

BellRing Brands Inc. (NYSE:BRBR – Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $58.04, for a total value of $92,864.00. Following the transaction, the chief executive officer directly owned 201,978 shares of the company’s stock, valued at approximately $11,722,803.12. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Darcy Horn Davenport also recently made the following trade(s):

  • On Friday, June 20th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $59.69, for a total value of $95,504.00.
  • On Friday, June 6th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $60.58, for a total value of $96,928.00.
  • On Friday, May 30th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $62.91, for a total transaction of $100,656.00.

BellRing Brands Stock Up 1.4%

NYSE BRBR opened at $58.74 on Wednesday. BellRing Brands Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The business has a fifty day moving average of $64.20 and a 200-day moving average of $70.53. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71.

BellRing Brands (NYSE:BRBR – Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has authorized a share repurchase plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRBR. Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an “overweight” rating in a report on Wednesday, May 7th. UBS Group reduced their price target on shares of BellRing Brands from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Mizuho decreased their price target on BellRing Brands from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Evercore ISI dropped their price objective on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They set an “overweight” rating and a $84.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Check Out Our Latest Stock Report on BRBR

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its stake in BellRing Brands by 0.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company’s stock worth $5,365,000 after acquiring an additional 438 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of BellRing Brands by 31.6% during the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company’s stock worth $1,384,000 after purchasing an additional 4,461 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of BellRing Brands in the fourth quarter valued at $17,328,000. Raymond James Financial Inc. purchased a new stake in shares of BellRing Brands in the fourth quarter valued at $18,356,000. Finally, Private Advisor Group LLC acquired a new position in BellRing Brands in the fourth quarter valued at $228,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

(Get Free Report)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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